New Development in the surrounding area:
Crystal Bay: Crystal Bay is partially developed 534-lot single-family
subdivision located on the north side of Senne Road, west of the FECRR, in
Grant-Valkaria. The project features a mixture of 66' and 90' wide lots and is
situated immediately north of the Barefoot Bay and Snug Harbor
communities. This project was constructed during the market's peak, but
activity halted around 2008-2009 due to soft market conditions. DR Horton
recently acquired Crystal Bay, the single largest community currently under
construction for 1500++ lots in the subject's neighborhood.
St. John Heritage Parkway: The St. John Heritage Parkway is located in the
western portion of the market area. When completed, this will be a 40-mile
roadway that will wrap around palm Bay's southern and western portions
and extend into the western part of West Melbourne. This will be a 40-mile
roadway. It has been planned for more than a decade and is a joint venture
between these cities, Florida DOT, some area developers, and Brevard
County. The new parkway is expected to help alleviate traffic in these cities,
improve hurricane evacuation, and become part of an expanded Central
Florida network to meet regional growth. The controlled access roadway will
feature four lanes in most segments. This project is also expected to enhance
the development potential of adjoining and nearby properties. Recently, the
first phase of the St. John's Heritage Parkway was completed. This phase
connects Malabar Road up to an extension of Emerson Road. The recent
phase of development, which connects the existing northern terminus up to
US 192 was completed and opened in late 2017. it is anticipated that this
parkway will significantly change the traffic patterns in the western Palm Bay
area. Land parcels within the vicinity of this roadway will benefit from its
convenient access to areas to the north. The City of Palm Bay will construct
the ST. Johns Heritage Parkway SE to connect the new interchange to
Babcock Street near Davis Lane and intersect Babcock Street approximately
two miles south of the subject parcel just north of Micco Road. Since the
completion of the St. John Heritage parkway connecting Melbourne and Palm
Bay on the west side of interstate 95, developers have plans to add
thousands of housing units to the previously undeveloped land, following the
county's westward sprawl.
Publix Shopping Center Under Construction at Bay Side Lakes
approximately 2 miles south of the subject property: The site plan for a
15- acre site and depicts a 48,387 square-foot state of the art store with 335
total parking spaces. According to a 196-page traffic study, the development
also includes:
* An 11,900- square -foot shopping center.
* A gas station with 16 fueling pumps.
* A 4,200- square-foot fast-food restaurant.
* Medical-dental office space totaling 5,000 square feet.
The subject consists of two contiguous vacant land parcels totaling 2.43 acres
located on the southeast corner of Grant Road and Babcock Street. The
subject is zoned AU, Agricultural Residential and has a Future land use of: LC -
Local Commercial. The existing AU zoning district does have limitations on
permitted development uses, and it is likely that any development of the
subject for a commercial use would require a re-zoning. The subject does not
have an assigned address, however is located within Grant-Valkaria, Brevard
County, FL 32909. The property is further identified as Brevard County
Property Appraiser Parcel ID 29-37-34-00-286 and 29-37-34-00-287
Note: As per conversations with Maridoll Skelley, Administration Assistant
with The Town of Grant- Valkaria, it was confirmed that the property currently
has the zoning of "AU Agricultural Residential" with a Future Land Use
designation of "Local Commercial (LC)" . A change of zoning classification will
be necessary to proceed with development of a commercial use on the
subject property, however based on the future land use plan, it is reasonable
to assume that the subject property could obtain a commercial zoning
consistent with the Local Commercial future land use. it was further
understood that a change in zoning to commercial use for the subject would
be favored due to its location and would be able to obtain the BU-1-A,
Restricted Neighborhood Retail Commercial zoning.
